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When this deal was first announced my first thoughts were, Why only 77cents...Where’s the other bidders and Who the Hell is AYR...LoL Took me some time to process it all...After reading up on AYR and coming to the belief that Sandelman is right.That if AYR was valued by the same metrics as its MSO peers they would be valued at $66 usd...Which is $66X .03683= $2.43 usd...Whether we get that much before the deal closes or not,(unlikely) going forward LHS shares will continue into the future inside AYR and can in theory be valued the same, into the future forever...As AYR adds the next few deals, using the same criteria as Liberty and others. Share Price will rise based on the added Future 2022 Revenue and other metrics...I honestly believe for more reasons that I can list, that our LHS shares internally, will Safely (key word) reach the equivalent of $4-$5 by September...IMHO...Everyone with questions should go to the AYR website and view the Investor Presentation...Also, tomorrow at 10am on Reddit the AYR COO and IR Head will answer questions about them and the LHS deal...
thanks for the clarity / blind man is beginning to see......slowly . GLTA
The AYR/LHS deal contains a Blue Sky Clause...At close of trading today Liberty shares at Conversion are worth $1.27usd per share. The higher AYR shares go up in value the higher your Liberty shares are worth when exchanged for AYRWF shares. Not to mention AYR is sitting on We’ll over $200 mil usd in cash and around $80-100 mil usd in deep in the money callable Warrants...After all acquisitions are complete AYR will only have 66.2 mil shares issued, all in...(And 7 fully funded states). Much, Much, Lower than any other MSO. Along with a high SP for the future 5 State expansion...Why would anyone turn the offer down? Last polling numbers were 121 For— 6 Against.... 20 to 1
with all due respect ........by the numbers of votes for the acquisition you report ; WHY ?? would ayr give us more money ?
VWAPs starting 2/4/21
1.0366
1.0597
1.0842
Quality and Quantity are not Liberty’s Only problems...They are Legion !!!...Voted FOR this am...Liberty Investors Facebook Group poll is running at 116 to 5 FOR as of a few minutes ago...We need to be a Cheerleading for AYR to get our conversion price higher IMHO GLTA
This did not help at all as it appears they will boycott LHSIF. Personally I have to vote yes as this was the nail in the coffin for my decision.
https://www.reddit.com/r/FLMedicalTrees/comments/lem6p3/jellier_cake_bugs_and_mold_liberty_health/
No off topic messages; remember the TSO please.....
Just kidding, and it is the Brady bunch for me, but I get the feeling that youth may prevail this time......
Yes 2 in Tampa Bay
Bucs and a blunt!
I see there's 2 stores in Tampa. Not sure that's the same as Tampa Bay. If it is, LHS business may boom this weekend.
My prediction:
Chiefs win 30 - 24. Time will tell.
Does Liberty have a store in Tampa Bay? Go Chiefs!
Great article! Hoist the mainsail !!!
Apology accepted, and I respect your right to have an opinion or take action which which may differ from mine.
Time will tell how this plays out.
Here is why liberty will NOT drop in price...
(For cannabis investors the flows will be a major part of the ride, as the worlds biggest mutual funds, pension funds, and hedge funds will finally be able to invest in the industry and "touch the plant.")
https://www.msn.com/en-us/money/markets/op-ed-cannabis-investors-are-about-to-ride-a-legislative-tailwind-in-washington/ar-BB1dqzkU?ocid=msedgntp
This is ONLY THE BEGINNING!!!
I am most definitely not your dude, dude. Your post from roughly 14 months ago does not necessarily make you an expert on all things Liberty.
That said, I may have had my beer writing muscles/goggles on a few evenings ago...and you are most certainly due an apology from me sir. My intent was not to offend you, nor any other investor here (we all have obviously, at one point or another, determined some(?) future value in Liberty, and I respect all of you for that like-mindedness).
I apologize, formally...in writing.
But I still very much disagree with you, and several others here about your take on things. While I sympathize with the negative sentiment you have collectively shown (as I have experienced it with you fellow shareholders), I think AYR is stealing a very valuable asset.
We shall see. I am not anti-AYR, and will most likely keep half of my position in AYRWF. I will also continue to track the OMMU numbers moving forward, after our village has been pillaged, and remind you good folks just how valuable an asset you relinquished for pennies on the dollar!
GLTA, mean that sincerely, along with my apology for what may have been perceived as a slight to anyone here in personal fashion. I would hope, that as fellow weed investors, we have a sense of community that will allow us to agree and disagree respectfully. I did not hold up my end of that bargain the other evening...apologies and best of luck to all!
VWAPs starting 2/4/21
1.0366
1.0597
Minimum. AYRWF hit it's 52 week high today and shows no signs of letting up. I'm thinking more like 1.25 currently as trade in value even with current offer.
Is anyone planning to go to the virtual meeting and cast your vote in person? It gives the opportunity to ask questions! You just have to register info is on the ballot downloads.
dwp, thanks for the info.
That was the SP of the old phone company that Liberty reversed into ...Liberty itself was never worth $30.
I have a question for those who have been around for years. Was this stock REALLY ever worth around $30 back at the beginning of 2015, or is that just the result of numerous reverse splits over the past 5 years?
You are welcome. I decided not to wait and voted YES.
Gotta love it, tiko.
I bought my first shares of LHSIF in Sept. of 2018. I've sold some and then bought them back since then but I have a cost basis of .46 so I'm up over a 100% right now.
I'll be holding all I've got now til this Agreement is completed and we see where AYR goes.
Thank you for the info.
OK. That makes sense.
Thanks for the explanation. I guess I'll be voting yes.
AYRWF seems to be moving in the right direction.
Yep, if AYRWF price exceeds $27.15, we go back to the $0.03683 default. It would be equivalent to LHSIF stock being about $1.15 at the current AYRWF price of $31.3.
Good job old timer!
The AYR/LHS Agreement put in somewhat of a bottom in case AYR SP fell ...As long as it stays above C$27 however, it’s the .03683 figure...The deal included an unlimited upside to Liberty shareholders, although our percentage dosnt increase, the value of our shares as if converted goes higher as AYR SP Increases...Hope this helps and GL
I have a question for anyone who may have some insight into the upcoming Arrangement Agreement.
I don't see anything in the materials regarding the number of shares Liberty Health shareholders will get with today's price for AYR Strategies.
The agreement describes terms of the deal with this language:
The Transaction will be effected by way of plan of arrangement under the Business Corporations Act (British Columbia). Under the terms of the Arrangement, shareholders of Liberty will receive 0.03683 of a subordinate voting share or restricted voting share ("Ayr Shares") for each Liberty Share held (the "Exchange Ratio"). Notwithstanding the foregoing:
if the 20-day volume weighted average price ("20D VWAP") of Ayr Shares immediately preceding the 3rd business day prior to the closing of the Transaction (the "Ayr Closing Price") is below $27.15 but greater than or equal to $23.08, the Exchange Ratio will be calculated as $1.00 divided by the Ayr Closing Price; and
if the Ayr Closing Price is less than $23.08, the Exchange Ratio will be fixed at 0.0433
There is no mention of what will happen if the "AYR Closing Price" is higher than 27.15.
I assume the "Exchange Ratio" will still be 0.03683 AYR shares for each Liberty Health share.
Can anyone shed some light on the current situation and what we should expect to receive if we vote yes and the Agreement is completed?
Thanks.
Those of us that have been posting on this Liberty Board for years, know your the Newbie Poster...IHUB luckily keeps every post and thread...Trying to demean and verbally bully experienced Liberty Investors is just plain wrong...My first Merger was over 40 some odd years ago between Kerr MacGee and New England Nuclear And where I turned a profit of over $9000, The equivalent of 2 Fully loaded Trans Ams at the time...5 trading days ago Liberty fell to $.8310...Not exactly a comfy feeling, as to where the Liberty SP would go on its Own. The Market has Spoken and No White Knight is riding to the Rescue...Anybody that can read LHS Fins, November Progress Report and add up last Q OMMU numbers ( a Q yet to be seen) knows Lhs is about out of cash...A No vote, sets up a situation we all should want to avoid...GLTA
MMM, I voted YES with recommendations.
So not sure what your talking about saying there is no way to vote yes.
Held LHSIF since January 2019
MADLONG2029
You got it wrong, dude. I have been posting on this board since 2019, and am NOT an AYR groupie, as you accuse me of being.
Here's my proof, and I await your apology:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152405157
That is dumb...and I believe truly that all you AYR folks that "miraculously" showed up here last month are just what you are...cheerleaders!
I bet that the guys like myself that have been here longer that 6 months (or weeks) will see right through your garbage...
If you happen to win, congrats on your little 3 bagger...and good luck to you finding the next 3X-5X...AYR will get you there...by 2024...Liberty would have had you there by 2022...just dumb, or a AYR homer pumper...
I voted "against" with my 100,000 shares, what vote did you cast exactly? I keep reading yes/no here, but if you have a proxy, you know that yes/no does not exist...pay attention folks
Exactly. The cannabis sector is too hot for LHS' stock price to crash AND the company is increasing their production of quality flower.
That's because they invested in a master grower and vice president of operations.
All this company needs is management.
No three person board of directors could successfully run a company of this size.
Voting NO.
I will wait until near the due date to vote. I will vote YES unless a better offer magically materializes or there is a major change in management. Seriously doubt it....
So you're saying 30 dispensaries in the 2nd largest US market with legalization right around the corner is 'nothing'?
Imagine this happens. Legalization steps get closer. Liberty tells AYR "no thank you." AYR has no entry point into Florida with the price of said entry rising quickly. Liberty is the cash engine that AYR NEEDS to fuel growth.
AYR needs Liberty more than Liberty needs AYR.
I just voted no. LHSIF is not going back to $0.40. If you have any doubts, wait and watch the next 2 OMMU reports. You have until the 18th to vote...my vote (and bet) is that the next 2 weekly reports continue to indicate that Liberty is doing just fine. GLTA!
Imagine this happening. Legalization steps get closer. AYR buys liberty. Your shares shoot up in value. Or the deal doesn’t happen and you get left with nothing.
Couldn't decide on a yes or no vote, so I'm doing both. Sold half my shares at .90, leaving the other half riding free.
Voting NO until we receive a decent offer.
It ain't over until the fat puppy farts...
they have made up their minds.....sales don't matter . ayr has become the savior and liberty has been castrated .....
we could still get a second bidder though . I'll still vote no .
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Liberty Health Sciences was launched to acquire and operate U.S. – based
companies in the medical cannabis market. Liberty is committed to delivering
high-quality, clean and safe pharmaceutical grade cannabis to patients while
optimizing returns to our shareholders.
Canada NewsWire
TORONTO, Dec. 7, 2018
Liberty Health Sciences Inc. (CSE: LHS) (OTCQX: LHSIF) www.libertyhealthsciences.com ("Liberty" or the "Company"), a provider of high quality cannabis, announced today that they experienced a significant increase in sales revenue in the quarter ended November 30, 2018 compared to the same period in the prior year. For the quarter ended November 30, 2018, revenue increased by 45% compared to the quarter ended August 31, 2018.
Liberty's recent quarterly revenue totalled $3.2 million and its fiscal year-to-date revenue totaled $6.5 million. This continued growth in revenue reflects the Company's improvement on returning patient count and the expanding dispensary base, as well as the strength of its partnerships with best-in-class brands such as PAX and Mary's Medicinals.
Liberty's patient count increased by 46% during the quarter ended November 30, 2018 to approximately 14,500 patients. Supporting this growth is Liberty's accelerated pace in opening dispensaries, adding three additional dispensaries over the last quarter for a total of seven dispensaries and six delivery hubs opened to date. Liberty expects to open another seven dispensaries by the end of February 2019 to a total of 14 dispensaries across Florida, including locations in Miami, Boca Raton and Gainesville, subject to the receipt of all necessary approvals from the Florida Department of Health. Under the state regulations, the Company is entitled to open up to 30 dispensaries. Accordingly, Liberty will continue to seek suitable locations in response to the state's growing patient count.
"We are happy with the progress we are making as we continue to move forward on both dispensary openings and operational capacity," said George Scorsis, CEO of Liberty Health Sciences. "Liberty remains committed to growth and operational excellence across Florida and to potential expansion opportunities in other states."
In support of the ongoing opening of its dispensary locations, Liberty expects to finish construction in phases on the planned 225,000 square feet Liberty 360 facility including the state-of-the-art processing and production space in 2019. Liberty is currently operating 20,000 square feet of cultivation space at the Liberty 360 property as well as 24,000 square feet at the original Alachua property to support the growing demand for product. The next phase, expected to be completed in early 2019, will add 80,000 square feet of cultivation space. Liberty is fully funded to complete these capital expenditures.
"Our cultivation team is doing an excellent job and we continue to get amazing yields from our operations," said Lewis Swarts, VP Operations of Liberty Health Sciences. "The automation we have introduced into our processing operations is paying dividends as we are able to keep up with the increase in demand from our growing patient base."
In addition to the expanded cultivation and processing space, the facility will also include a state-of-the-art research and development lab. With the completion of the processing plant, Liberty's extraction capacity will increase by nine times its current level.
The completion of Liberty 360 will allow Liberty to significantly increase its production capacity, expand its product line and provide scientific and technical support for Liberty's operations in other states. Liberty currently employs just under 200 people across its operations and dispensaries. With the anticipated completion of Liberty 360, the Company expects to employ a diverse workforce of up to 500 people including patient liaisons, scientists, engineers and cultivation specialists.
In Ohio, Liberty, together with their joint venture partners, the Schottenstein Group, expects to open their dispensary in Dayton, Ohio at the end of March 2019. Its processing facility will open subsequent to that in the spring of 2019, each depending on the receipt of the required regulatory approvals. The joint venture has secured a 10,000 square foot processing facility, which will be used for extraction, refining, formulation and packaging.
"Liberty is committed to bringing the same high-quality offerings to Ohio as we have in Florida," said Scorsis. "With the knowledge base gained over our last year of operation, we believe we have the team and tools to continue to succeed."
Company website https://www.libertyhealthsciences.com
https://www.otcmarkets.com/stock/LHSIF/security
Market Cap 145,022,067 07/30/2019
https://www.facebook.com/LibertyHealthSciences/
https://twitter.com/LibertyHSInc
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